What are the important changes in Commercial Paper Issuance as per the new guidelines issued by RBI?
By IndianMoney , 8 months ago
IndianMoney
8 months ago
- The RBI maintains that the commercial papers can only be issued in dematerialized form or as a promissory note - Financial institutions will have the flexibility to provide credit enhancement - Commercial papers can be issued as a 'stand-alone' product - The new guidelines also removes the cap on the minimum working capital of Rs. 4 crores or minimum current ratio of 1.33
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